Moolahgo, a Singapore-based payments provider, has announced a partnership with Intercontinental Exchange (ICE) to use its consolidated feed, which aggregates cross-asset content from more than 600 global sources.
ICE is a Georgia, US-based provider of data and technology. By using its feed, Moolahgo will provide its customers with access to real-time FX and crypto market pricing, helping them to make more informed decisions when making foreign currency transactions.
This data will be available across all of its technology, such as its neobank portal, ewallet and payments-as-a-service platform.
Founded in 2017, Moolahgo started off as a payments provider to businesses. It has since expanded its services to consumers, including its ewallet app.
The fintech’s long-term goal is to “transform the payments landscape in Asia”, by bringing the benefits of real-time money flows to the under and unbanked population in the region.
Moolahgo claims to help foreign domestic workers in Singapore by providing access to “affordable and convenient” financial services.
Many migrant domestic workers face challenges in the country, including high living costs, debt back home and limited access to financial services.
To help these workers, Moolahgo offers remittance, payments and (soon to be launched) loan services.
On the new partnership with ICE, John Hakim, chief executive officer of Moolahgo, commented: “We are excited to work with ICE data services to enhance our FX and crypto data capabilities and provide our customers access to the liquidity pool in Singapore, which is the third largest FX centre globally, behind the UK and US.
“With ICE’s FX and crypto pricing data, we can provide our business and retail customers a leading data solution that gives them the ability to trade with greater transparency.”
ICE operates the New York Stock Exchange, offers mortgage technology, and backs crypto platform Bakkt.